Virgin Australia executives set to meet investors for relisting on ASX, AFR reports
Bain Capital-owned Virgin Australia is set to return to the Australian stock exchange after delisting in 2020, the Australian Financial Review (AFR) reported late on Sunday. Australia’s second-largest airline’s executives are set to meet prospective investors on Tuesday to pitch…
Markets brace for cut to BOJ’s super-long bond buying
TOKYO -The Bank of Japan could take another key step toward diminishing its huge presence in the bond market next week, when it releases its bond-buying plan for the second quarter that may include a cut in the size of…
Trump says TikTok sale deal to come before Saturday deadline
ABOARD AIR FORCE ONE – President Donald Trump said a deal with TikTok’s Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday. Trump set the April 5…
Exclusive-India weighs scrapping import tax on US LNG, boost purchases, sources say
NEW DELHI -India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources…
Sanctioned Russian tanker firm Sovcomflot’s transportation volumes fell 16% in 2024
Russia’s leading tanker group Sovcomflot’s saw transportation volumes drop around 16% to 63 million metric tons last year compared to 2023, Russian news agency Interfax reported on Friday, citing the group’s CEO Igor Tonkovidov as saying. The United States and…
Ubisoft shares drop, erase early gains on talk hedge funds shorting stock
Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises. The stock was down around 1% at 1451…
Chile’s Codelco sending more copper to US after tariff threat
SANTIAGO -Chile’s Codelco, the world’s largest copper producer, has been redirecting some of its spot sales to the United States, CEO Ruben Alvarado said on Friday. U.S. President Donald Trump in February ordered a probe into potential new tariffs on…
Carmakers weigh risk of price hikes as Trump tariffs loom, sources say
BERLIN – European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said, fearing any first-movers could risk a backlash from U.S. President Donald Trump. The…
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig…
Kushner’s Affinity’s assets jump to $4.8 billion after Gulf cash injection
LONDON -Jared Kushner’s investment company Affinity Partners saw assets under management jump 60% last year to $4.8 billion, according to a regulatory filing, after it received a cash injection from Middle East investors including Qatar’s sovereign wealth fund. Kushner, son-in-law…
German finance minister warns of tariff hit to U.S. and German economies
BERLIN – Germany’s Finance Minister Joerg Kukies warned on Friday that U.S. tariffs would hit both the German and the U.S. economies and that Berlin was working to prevent an escalating trade war. Kukies made the statement to Reuters after…
CoreWeave’s retail appeal may be tempered by IPO timing, financial pressures
Concerns sparked by CoreWeave’s debt pile and other financial challenges may weigh on retail investor enthusiasm as it prepares to go public after what analysts said was a poorly timed IPO. The Nvidia-backed AI infrastructure company, which focuses on data…
U.S. logistics firm settles claims it helped Chinese companies ship fentanyl chemicals
U.S. shipping and logistics company IMC Pro International has agreed to pay $400,000 to the U.S. government to settle allegations that it helped Chinese chemical companies ship fentanyl-making chemicals to the United States, according to U.S. authorities. The deal was…
Tin prices jump after earthquake hits Myanmar
LONDON – Tin prices hit two-week highs in London on Friday as speculators bet that an earthquake that rocked major producer Myanmar could delay a restart of production in its main mining region. Benchmark tin on the London Metal Exchange…
China will resolutely respond to US reciprocal tariffs, state media says
BEIJING -China will take resolute countermeasures if the United States harm the country’s interests with its upcoming reciprocal tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Friday. If the U.S. wants to discuss cooperation with…
Rio Tinto in talks with Congo to develop lithium deposit, Bloomberg News reports
Rio Tinto has held talks with the Democratic Republic of Congo about developing one of the world’s biggest hard rock lithium deposits, Bloomberg News reported on Friday, citing people familiar with the matter. The discussions, which are in the preliminary…
CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say
Hong Kong’s CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, as pressure mounted from Beijing. China’s…
Berlin on measures against U.S. tech giants: ‘Nothing is off the table’
BERLIN – A German government spokesperson said on Friday that “nothing is off the table” with regards to punitive measures in response to the threat of U.S. tariffs. Asked whether countermeasures could target U.S. tech companies, the spokesperson said “at…
Take Five: T is for tariffs
The coming week will be dominated by U.S. President Donald Trump’s plans for reciprocal tariffs, while the latest U.S. jobs data, an Australian central bank meeting and a key euro zone inflation report means there’s plenty for markets to consider….
Trump tells NBC he ‘couldn’t care less’ if car makers hike prices due to tariffs
WASHINGTON – U.S. President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he “couldn’t care less” if they do. The White House…